Home Sales Luke-Warm for Camas WA in February 2019
Home Sales in Camas basically went "side-ways" this month compared to last month's performance. Here are the highlights we have to report:
- The Short-Term Average Price Trend moved up about $14,000 (mostly due to last month's big move) this month with the 3-Month Moving Average at 8.29% higher than last year; with the 12-Month Moving Average up 4.69%
- The Inventory level moved up quite a bit to 2.2 months for Resale Homes.
- Approximately 28 Resale Homes closed in February 2019, compared to 29 Sold in 2018; which is 1 fewer (-3.4%) than in 2018, and the same number as last month;
- REO/Bank Owned property sales were 1 units (3.6% of total); up 1 unit from 0 (0%) in 2018.
- Short Sale /Pre-Foreclosure property sales were 0 units (0% of total); no change from 0 (0%) in 2018.
The Average Sales Price is now approximately $143,390 higher than the Clark County average for this month.
Next up we have custom charts for Short Term and Long Term trends for Unit-Sales shown below:
Camas Resale Home Sales - Units Sold Trend February 2019 The Unit-Sales this month were the same as last month's, which is keeping the short-term trend from reversing course at this point. With more Pending sales in the queue this soon will start to increase.
Average Closed Sales Prices (shown below) have returned to their upward trend, although the long-term action has been of a leveling nature, which we expect to continue.
Camas Resale Home Sales - Average Sales Price Trend February 2019 With Camas being a relatively smaller town, the relatively "wide" movement of the short-term price trend is expected. However, with the average sales price of this community so much higher than the Clark County level, we suspect the rest of the County is keeping prices in check for Camas.
The last charts are from the RMLS Statistics package showing important elements in a mixed-graph-type format:
Camas Resale Home Sales Inventory & Days on Market - February 2019 The Inventory-by-Month graph shows softness in both New Listings and Pending Sales, with no change; causing Available Inventory to increase slightly.
The middle chart finds the Closed Sales price coming in lower than last month's all-time high; with the Average List Price exploding to a new high that far exceeds anything we've seen in our reporting (the "cause" of this jump is a $13M+ listing with 54 acres on the north side of Lacamas Lake)!
The final chart shows both the Average Days on Market and the Median decreasing moderately as the pace of sales starts to heat up.
Thank you for reading our Camas WA Home Sales Report. Please let us know how we can help you or help someone you know with their Home Sale or Purchase needs in this fine community!
PS - we love to help our customers sell or buy their Camas Home. Thinking of Selling or, just want to know what your home is worth? We offer a no-cost, no-obligation Camas WA Home Price Valuation, and invite you to try it out Today!
PPS - We also Love to help Camas Home Shoppers, and invite you to visit our page for Homes for sale in Camas WA , where 16 neighborhood searches are set up, such as: Homes for sale in Lacamas Shores, Homes for sale in Parker Estates, Homes for sale in Holly Hills, Camas WA; in addition to 7 category searches such as Condos for sale in Camas WA; Foreclosure Homes Camas WA, Property listings are from the entire RMLS.
The Camas Real Estate charts in this report (prepared by Camas WA Real Estate Broker John Slocum, our resident statistician) are based on home sales recorded in the Camas MLS system (RMLS), excluding sales of mobile home; and shows the purchase activity since 2009; charting the 3 month Moving average number of sales, and the 12 month Moving average. This "smoothing" of the trend-data helps illustrate the short-term and longer term trends in the Camas real estate market.
Disclaimer: as with any real estate statistics, we always do our best to provide the best representation at the time the data was acquired. We deem the data and reports reliable but not guaranteed.
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